Automotive Shop with
New
For Sale
Contact for pricing
3788 Wheeling St, Denver, CO 80010
Remodeled office and specialized service infrastructure support automotive repair operations.
Property Size16,524 SF
Price / SF$272.33
Days on Market3
Property Features for 3788 Wheeling St
General Information
Standard status
Active
Size
16,524 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
Lifts
Tire machine
Office
Crane (10-ton)
Crane (2-ton)
Trench floor drains
Air lines
Compressors
Swamp cooler
Sand-oil interceptor
Listing Agency:
Lee & Associates | Denver
(303) 296-8500
Listed By:
JR Bitzer · License ##FA.040016542
(303) 885-3055
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Denver
Investment Insights
Based on property information with market context.
This 16,524-square-foot automotive shop includes a recently remodeled office and an extensive set of service improvements. The property is equipped with one 10-ton crane, one 2-ton crane, air lines, compressors, trench drains, and a sand-oil interceptor. Available mechanical equipment includes lifts and a tire machine. A new swamp cooler serves the shop, and the roof was replaced in 2023.
The property offers access to both I-70 and I-225, supporting connectivity for automotive operations and service traffic. The combination of heavy-duty lifting equipment, built-in drainage, compressed-air infrastructure, and shop cooling provides a functional setup for an automotive service facility.
The property offers access to both I-70 and I-225, supporting connectivity for automotive operations and service traffic. The combination of heavy-duty lifting equipment, built-in drainage, compressed-air infrastructure, and shop cooling provides a functional setup for an automotive service facility.
Key Highlights
- 16,524‑square‑foot automotive shop
- One 10‑ton crane and one 2‑ton crane
- Lifts, tire machine, and other mechanical equipment available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$226,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,523,900
$4.5M
Cap Rate 7%
$3,231,357
$3.2M
Cap Rate 9%
$2,513,278
$2.5M
Market Conditions
NOI Build-Up for 16,524 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$339.1K $20.52/SF
− Vacancy
−$15.9K −$0.96/SF
EGI
$323.1K $19.56/SF
− OpEx
−$96.9K −$5.87/SF
NOI
$226.2K $13.69/SF
Area
Denver, CO
Vacancy
4.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,523,900
Cap Rate 7%
$3,231,357
Cap Rate 9%
$2,513,278
Alternative Uses
Best Use
Retail
$3.23M
$2.83M – $3.77M
NOI $226,195 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$2.00M
$1.75M – $2.34M
NOI $140,345 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$5.26M
$4.60M – $6.14M
NOI $368,213 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Denver, CO
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Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled office and specialized service infrastructure support automotive repair operations.
Where is this auto shop located?
The property is located at 3788 Wheeling St Denver, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 16,524‑square‑foot automotive shop; One 10‑ton crane and one 2‑ton crane; Lifts, tire machine, and other mechanical equipment available
